One of three heirs won't sign until the house is cleaned out
Filing came off a court-sourced probate list last month. Personal representative has been appointed, letters issued, so there's authority to sell. Property is a 1,400 square foot ranch in an older inner-ring suburb, comps at 245 to 260 in fixed condition, needs roof, one bath, kitchen, and there's a 30 year accumulation of stuff inside. My renovation number is 58 to 66 depending on whether the roof deck is soft.
I'm at 152 with a 21 day close. That leaves me thin but workable if I wholetail it, and it's a clean assignment number if I don't.
The problem is the heirs. Three siblings, PR is the one who lives 900 miles away and wants this done. Second sibling is fine with the number. Third sibling lives 20 minutes from the house, has been in it every weekend, and says she won't agree to anything until the contents are sorted, because there's a coin collection somewhere and jewelry that hasn't been found. Legally the PR can probably sign without her depending on how the letters were issued and what the state requires for a sale of real property, and my attorney is checking that. Practically, if I close over her objection I'm buying a lawsuit or at minimum a house that gets re-entered.
Options on my desk:
- Pay for a professional estate clean-out crew up front, maybe 4 to 6, sort and box contents, let her take three weekends. Push closing to 45 days. My money is out and I have no contract certainty.
- Hold the price, extend to 60 days, let them sort it themselves, walk if it drags.
- Drop to 144 and buy it with contents as-is, everything conveys, she keeps a key for two weeks post-close and takes what she wants.
Option 3 feels cleanest to me but I've never given a seller post-close access and I don't know what that does to my insurance or my ability to start demo. The 8 point price drop also eats most of the assignment spread.
What am I not seeing here.